TQQQ vs. USOY
TQQQ (ProShares UltraPro QQQ) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while USOY is a Derivative Income fund actively managed by Defiance. TQQQ is passively managed, while USOY is actively managed. Over the past year, TQQQ returned 137.89% vs 57.29% for USOY. At a correlation of -0.07, they often move in opposite directions. TQQQ charges 0.95%/yr vs 1.22%/yr for USOY.
Performance
TQQQ vs. USOY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TQQQ having a 64.46% return and USOY slightly lower at 62.18%.
TQQQ
- 1D
- -0.76%
- 1M
- 33.35%
- YTD
- 64.46%
- 6M
- 55.93%
- 1Y
- 137.89%
- 3Y*
- 69.49%
- 5Y*
- 28.37%
- 10Y*
- 45.33%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 64.46% | 34.35% | 35.13% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between TQQQ and USOY is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.07 |
Over the past year, the inverse relationship between TQQQ and USOY has strengthened: their correlation has moved from -0.07 to -0.29, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
TQQQ vs. USOY — Risk / Return Rank
TQQQ
USOY
TQQQ vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Defiance Oil Enhanced Options Income ETF (USOY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TQQQ | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.35 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 4.03 | -0.28 |
| Martin ratioReturn relative to average drawdown | 12.27 | 7.74 | +4.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TQQQ | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 1.89 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.99 | -0.25 |
Drawdowns
TQQQ vs. USOY - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for TQQQ and USOY.
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Drawdown Indicators
| TQQQ | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -17.46% | -64.20% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -14.29% | -22.68% |
Max Drawdown (3Y)Largest decline over 3 years | -58.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -5.11% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -18.52% | -6.47% | -12.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 7.42% | +3.86% |
Volatility
TQQQ vs. USOY - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 13.29% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.62%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQQQ | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 11.62% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 36.04% | 27.18% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.60% | 30.44% | +17.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.53% | 26.13% | +40.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.96% | 26.13% | +39.83% |
TQQQ vs. USOY - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
TQQQ vs. USOY - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 0.36%, less than USOY's 54.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.36% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TQQQ and USOY have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (13.29%) compared to USOY (11.62%). In terms of maximum drawdown, TQQQ dropped -81.66% vs USOY's -17.46%.
On 1-year performance, TQQQ leads with 137.89% vs 57.29% for USOY. On fees, TQQQ is cheaper at 0.95% per year. On volatility, USOY has been the lower-risk option at 11.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TQQQ has performed better with a 137.89% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TQQQ is cheaper with a 0.95% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 0.36% for TQQQ.
TQQQ is categorized as Leveraged Equities, while USOY is Derivative Income. They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.95% for TQQQ and 1.22% for USOY.
TQQQ currently has the higher Sharpe Ratio (2.92 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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